Schwab Reports Monthly Activity Highlights

Monday, June 14, 2010 5:45 am PDT

Dateline:

SAN FRANCISCO

Public Company Information:

NYSE:
SCHW

SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation released its Monthly Market Activity Report today. Company highlights for the month of May 2010 include:

  • Net new assets brought to the company by new and existing clients in May 2010 were $4.7 billion, apart from a $29.5 billion outflow related to a mutual fund clearing services client who began a scheduled transfer of assets to an internal platform. Including this clearing outflow, net new assets totaled negative $24.8 billion. An additional outflow of approximately $22 billion occurred in June as the client completed the asset transfer.
  • Total client assets were $1.412 trillion as of month-end May, up 16% from May 2009 and down 7% from April 2010.
  • Client daily average trades were 512.7 thousand in May 2010, up 14% from May 2009 and up 17% from April 2010.

The SMART report can be viewed with its accompanying 12-month data at www.aboutschwab.com/investor/financials/financial_reports.html.

About Charles Schwab

The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with more than 300 offices and 7.9 million client brokerage accounts, 1.5 million corporate retirement plan participants, 794,000 banking accounts, and $1.4 trillion in client assets. Through its operating subsidiaries, the company provides a full range of securities brokerage, banking, money management and financial advisory services to individual investors and independent investment advisors. Named Highest in Investor Satisfaction with Self-Directed Services by J.D. Power and Associates, its broker-dealer subsidiary, Charles Schwab & Co., Inc. (member SIPC, www.sipc.org), and affiliates offer a complete range of investment services and products including an extensive selection of mutual funds; financial planning and investment advice; retirement plan and equity compensation plan services; referrals to independent fee-based investment advisors; and custodial, operational and trading support for independent, fee-based investment advisors through its Advisor Services division. Its banking subsidiary, Charles Schwab Bank (member FDIC and an Equal Housing Lender), provides banking and mortgage services and products. More information is available at www.schwab.com.

Contact:

Charles Schwab
Greg Gable, 415-667-0473 (Media)
Rich Fowler, 415-667-1841 (Investors/Analysts)

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